The Boston-based venture capital firm will use its first fund to scale up its investment capabilities and build the clean energy pipeline for later-stage investors.
The Amsterdam-based software company wants to minimize dirty energy use by helping businesses prioritize and balance their energy needs.
“Without light, you can’t do anything,” Akinwumi Adesina, president of African Development Bank. Roughly 90 percent of the people living without electricity are in sub-Saharan Africa.
- “Not enough capital is flowing” toward the low-carbon transition, Michael Bloomberg declared at last year’s Bloomberg Global Business Forum. The unavoidable takeaway from yesterday’s forum: Still not enough capital is flowing.
The Toronto-based company has developed an energy storage system meant to help electricity grid operators manage demand fluctuations and integrate renewable sources, like wind and solar, into their energy mix.
- Installing solar power capacity is one thing. Capturing it is another.
Since it was formed in 2016, the unit has invested over $1.4 billion to assemble 1 gigawatt of distributed solar assets.